Bybit Unifies Fiat Settlement with OpenPayd Partnership
Bybit has selected OpenPayd to unify its global fiat settlement and on/off-ramp infrastructure, a crucial step in making cryptocurrency more accessible worldwide.
The partnership enables Bybit to access USD SWIFT connectivity, virtual IBANs, and FX capabilities through a single API integration, streamlining its operations and improving reconciliation across jurisdictions.
This move comes as digital asset platforms face increasing demand for reliable fiat connectivity, particularly in USD, which remains central to trading, liquidity provision, and stablecoin settlement.
Lux Thiagarajah, Chief Commercial Officer at OpenPayd, said that Bybit operates at an impressive scale, where it becomes increasingly important that moving between fiat and digital assets is supported by financial infrastructure that can keep pace.